Mexico's state of Veracruz expects $11 billion in direct investments into its petrochemical industry

11:02 AM MDT | October 10, 2013 | Francinia Protti-Alvarez

The Mexican state of Veracruz is expected to receive $5 billion in direct investment by chemical companies, foreign and domestic, in Mexico, over the next five years, according to the government of Veracruz. Celanese, Evonik-Idesa, Unigel (São Paulo), JSW Ispat (Mumbai) and Aditya Birla (Mumbai), as well as Petróleos Mexicanos (Pemex; Mexico City), Mexichem (Tlalnepantla, Mexico), Cydsa (Mexico City), and Petrotemex (Monterrey, Mexico), will participate in the petrochemical cluster, says the state's governor Javier Duarte de Ochoa. Some of the...